Lurker > misterbum

Error1355 posted...

ok

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Do you have a sense of how much rent per month you can get for your place? Get an estimate of that from Zillow if you are not sure. Then factor in all the expenses youll be paying (mortgage, taxes, insurance, any utilities your town might force you to keep in your name) to get a sense of how much money youll be making on an annual basis. Then factor in some provisions for major expenses (vacancy, repairs and maintenance, capital expenditures) to get an even more conservative sense of what your net rental income will be.

Then try to estimate what you would get selling the place. If it sounds like youd rather have the cash, sell it. If you still would be interested in renting it out to get the passive cash flow, maybe start looking into a property management company as another poster mentioned. If you can factor it in the budget, it could be well worth it to alleviate most of the direct stress to you that being a landlord can bring.

Id personally rather be a full time landlord and make a living off rental properties than work a regular 40-hr a week corporate job, but it really comes down to your personality and exactly what kind of crap you either can, or cant, deal with, and how good you are at budgeting, screening tenants, and dealing with worst-case scenarios.
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Even more unpopular opinion...

Home Alone 3 > Home Alone

>_>

...nah, kidding, who in their right mind would ever even think such a thing?
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Dragon Quest XI and Super Mario Kart

...Dragon Quest Kart? >_>
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Yes
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You bet
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Hall and Oates - Shes Gone

I dont know whether this is the worst music video ever made, or the best.


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P4wn4g3 posted...

0AbsoluteZero0 posted...

P4wn4g3 posted...

The rankings have changed since then and I'm actually not sure where they are now.

How did you generate a top 25 AMP anyway?

I didn't. That was from last year. I think I was on it a few years ago though.

@misterbum can provide details if you're interested, he used to run some scripts or something.

No scripts, it was a 100% manual process for me. I just kept a spreadsheet of accounts I knew to be high-AMP at the time since I was more in the know of folks since I was board hunting and posting on a shit ton of different boards more back then. Then I would just check all the accounts each time I would update the list.

Its not really like there were a ton of folks to keep track of, but there always couldve been people with higher counts out there that I missed or wasnt aware of.
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Toto - Hold the Line

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Haruomi Hosono - Cosmic Surfin

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Gerry Raffery - Baker Street

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Stevie Wonder - Sir Duke

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Earth, Wind & Fire - Keep Your Head to the Sky

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Talking Heads - Psycho Killer

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Silver Surfer - Stage 1

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Final Fantasy Mystic Quest - Doom Castle

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Flinstones SNES - Unused Track 2 (seriously)


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Naked Eyes - Always Something There to Remind Me

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Tyrano Lair


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